Algome Central Corporation Announces Tentative Agreement with Canadian Merchant Services Guild

Oct 27, 2017

St. Catharines, Ontario (October 27, 2017) — Algoma Central Corporation [TSX:ALC] (“Algoma” –, a leading provider of marine transportation services, today announced that it has reached a tentative agreement with the navigation and engineering officers in the Company’s product tanker fleet, ending a strike that began on October 21st.

The union represents 54 employees of Algoma Tankers Limited. Vessels tied up as a result of the strike will commence operations as soon as arrangements are made to return the crews to the ships.

About Algoma

Algoma Central Corporation operates the largest Canadian flag fleet of dry and liquid bulk carriers on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry bulk carriers and product tankers. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets. Algoma also provides ship management services for other ship owners. Algoma has begun an expansion into international short-sea markets through it 50% interests in NovaAlgoma Cement Carriers and NovaAlgoma Short-Sea Carriers.

For further information please contact:

Gregg Ruhl
Chief Operating Officer
+1 905-687-7890

Peter D. Winkley, CPA, CA
Chief Financial Officer
+1 905-687-7897